COVID-19
UMB Financial Corp. reported a loss of $3.4 million during its first quarter, a sharp contrast from its other recent financial periods. During last year's fourth quarter, the bank's earnings were $66.5 million, and it brought it $57.7 million over…
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Expectations for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the Associated Builders and Contractors (ABC) Construction Confidence Index. Sales expectations, due to COVID-19, decreased from 68.3…
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The hotel industry, which has been plagued by the impact of COVID-19 and seen its occupancy plunge due to a severe downturn in travel and business meetings, is asking Congress for help. In a letter to Congress, the American Hotel…
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Don Greenwell is president of the Builders' Association in Kansas City, representing the interests of the construction sector in such matters as policy and work-force development. Q. The construction sector nationally shed 29,000 jobs last month amid the pandemic slowdown;…
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Merriam-based Seaboard Corp. reported a $103 million loss during its most recent quarter, a big drop from the same year-ago period, when the company earned $57 million. Net sales did rise, hitting about $1.7 billion from $1.5 billion last year.…
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Goods ordered by consumers and picked curbside at stores saw a dramatic increase between April 1 and April 20, shooting up by 208 percent from the same year-ago period, according to Adobe Analytics. The news is welcome for a retail…
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Both Commerce Bancshares and Waddell & Reed Financial released their quarterly earnings today, and COVID-19 impacts on their businesses were top of mind for their executives. In the case of Kansas City-based Commerce, which saw net income fall to $51.9…
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Missouri home sales plunged 19.4 percent year over year in March, with just over 6,200 homes sold throughout the state, according to Missouri Realtors. However, the average sales price increased from $192,329 to $205,035, a 6,8-percent jump, though the total…
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Many parts of the State of Missouri will reopen next week, and it's going to be all about social distancing come May 4. Retail stores will be able to open their doors if people are at least six feet away…
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Today Missouri Gov. Mike Parson is expected to release details about the stay-at-home order expected to expire on May 4 and how businesses can reopen in phases in the state. The stay-at-home order is in place in Kansas City until…
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